Washington: Finance Minister P Chidambaram today said he will support Civil Aviation Minister Ajit Singh in throwing out a rule that debars Indian carriers from flying abroad unless they complete five years of service.
"If he (Ajit Singh) brings a paper to the Cabinet to throw out that rule (known as 5/20), I will support it strongly," Chidambaram told a Washington audience.
He was responding to a question on this provision, which Centre for Asia Pacific Aviation (CAPA) in a recent report described as one of the "most damaging and discriminatory regulations."
The aviation advisory and research firm in its report had argued that the finances of several Indian carriers would have been stronger if they were allowed to launch service on international routes earlier.
11/10/13 PTI/Economic Times
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"If he (Ajit Singh) brings a paper to the Cabinet to throw out that rule (known as 5/20), I will support it strongly," Chidambaram told a Washington audience.
He was responding to a question on this provision, which Centre for Asia Pacific Aviation (CAPA) in a recent report described as one of the "most damaging and discriminatory regulations."
The aviation advisory and research firm in its report had argued that the finances of several Indian carriers would have been stronger if they were allowed to launch service on international routes earlier.
11/10/13 PTI/Economic Times
